Potential for dip

Hey guys! Anyone eyeing on $BYD COMPANY(01211.HK)$ ? Prices abiding by a descending trendline and are on bearish momentum. We see the potential for dip from our sell entry at 227.4 which is a graphical overlap. Probably going to short to our Take Profit at 203.6 in line with 38.2% Fibonacci retracement. I'll have my stop loss potentially at 232.8 in line with 78.6% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.